MIRA INFORM REPORT

Report Date :

29.01.2011

IDENTIFICATION DETAILS

Name :	ARCHI EXIM PRIVATE LIMITED
Registered Office :	807, Akik Complex, Near Parshva Tower, Opposite Rajpath Club, S.G. Highway, Bodakdev, Ahmedabad – 380 015, Gujarat
Country :	India
Financials (as on) :	31.03.2010
Date of Incorporation :	20.09.2007
Com. Reg. No.:	04-051780
CIN No.: [Company Identification No.]	U51109GJ2007PTC051780
TAN No.: [Tax Deduction & Collection Account No.]	AHMA07503G
PAN No.: [Permanent Account No.]	AAGCA5521R
Legal Form :	Private Limited Liability Company
Line of Business :	Exporter and Wholesaler of Industrial Chemicals, Gymnasium Equipment and Toys and Stationery Items.

RATING & COMMENTS

MIRA’s Rating :

C

RATING		STATUS	PROPOSED CREDIT LINE
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended

Status :	Yet to commence business
Payment Behaviour :	Unknown
Litigation :	Clear
Comments :	As per available financials of 2010, the company has not commenced its commercial activity. Payment terms are not known. The company can be considered for business dealings on a safe and secured trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

LOCATIONS

Registered Office :	807, Akik Complex, Near Parshva Tower, Opposite Rajpath Club, S.G. Highway, Bodakdev, Ahmedabad – 380 015, Gujarat
Tel. No.:	91-79-66316670/ 26870764
Fax No.:	91-79-26870764
E-Mail :	brp@archiimpex.com

DIRECTORS

As on 30.09.2010

Name :	Mr. Bhavesh Rameshchandra Pradhaiv
Designation :	Director
Address :	T-1, Parth Apartments, 73, Brahman Mitra Mandal, Society, Near Old Shardamandir Crossing, Ellisbridge, Ahmedabad - 380 006, Gujarat, India
Date of Birth/Age :	16.05.1968
Date of Appointment :	20.09.2007
DIN No.:	01723059
Name :	Ms. Archita Bhavesh Pradhan
Designation :	Director
Address :	T-1, Parth Apartments, 73, Brahman Mitra Mandal, Society, Near Old Shardamandir Crossing, Ellisbridge, Ahmedabad - 380 006, Gujarat, India
Date of Birth/Age :	04.01.1980
Date of Appointment :	20.09.2007
DIN No.:	01723128
Name :	Mr. Sanjaysinh Dharmendrasinh Jadeja
Designation :	Director
Address :	A-7, Row House, Someshwar, Copiplex-1, Satellite, Ahmedabad – 380 015, Gujarat, India
Date of Birth/Age :	15.02.1964
Date of Appointment :	30.09.2010
DIN No.:	03140010

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

As on 30.09.2010

Names of Shareholders	No. of Shares
Bhavesh Rameshchandra Pradhaiv	100000
Archita Bhavesh Pradhan	50000
Sanjaysinh Dharmendrasinh Jadeja	50000
Total	200000

As on 30.09.2010

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00

BUSINESS DETAILS

Line of Business :

Exporter and Wholesaler of Industrial Chemicals, Gymnasium Equipment and Toys and Stationery Items.

Products :

· Industrial Chemicals Trichloroacetyl Chloride Trichloroacetic Acid Tobias Acid Sodium Sulphide Flakes Sodium Salt of Trichloroacetic Acid Sodium Saccharin Sodium Fluoride Sodium Carboxy Methyl Cellulose Saccharin Chemicals Potassium Humate Potassium Fulvic Humate Potassium Chlorate Phosphoric Acid Monochloro Acetic Acid Methane Sulfonyl Chloride J. Acid Insoluble Saccharin Gluconates Chemicals Fast Scarlet G Base DTPA Acid Beta Naphthol Edta Salts Gluconolactone Chemicals Humic Acid Carboxy Methyl Cellulose Calcium Nitrate Bon Acid Cyanuric Chloride 6 Benzyladenine Amino Acid Hydrogen Peroxide Citric Acid Chloro Acetyl Chloride Dicalcium Phosphate Feed Grade · Gymnasium Equipment · Toys and Stationery Items · Glass Lined Equipment · Machinery Seals

GENERAL INFORMATION

Bankers :

HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India

Facilities :

Unsecured Loans	31.03.2010 Rs. In Millions	31.03.2009 Rs. In Millions
From Directors	0.175	0.085
Total	0.175	0.085

Banking Relations :	--
Auditors :
Name :	Bhadresh P. Soni and Company Chartered Accountants
Address :	203, Panorama Complex, Near Navjivan Press, Income Tax, Ahmedabad – 380 014, Gujarat, India
Tel. No.:	91-79-27546256, 27546188
Mobile No.:	91-9824314391
E-Mail :	bhadreshpsoni@yahoo.com

CAPITAL STRUCTURE

As on 30.09.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
200000	Equity Shares	Rs.10/- each	Rs.2.000 millions

As on 31.03.2010

Authorised Capital :

No. of Shares	Type	Value	Amount
500000	Equity Shares	Rs.10/- each	Rs.5.000 millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
10000	Equity Shares	Rs.10/- each	Rs.0.100 million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2010	31.03.2009	31.03.2008
SHAREHOLDERS FUNDS
1] Share Capital		0.100	0.100	0.100
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.000	0.000	0.000
4] (Accumulated Losses)		(0.097)	(0.050)	(0.020)
NETWORTH		0.003	0.050	0.080
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		0.175	0.085	0.085
TOTAL BORROWING		0.175	0.085	0.085
DEFERRED TAX LIABILITIES		0.001	0.000	0.000
TOTAL		0.179	0.135	0.165
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		0.003	0.005	0.008
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	0.000	0.000	0.000
	Sundry Debtors	0.000	0.000	0.000
	Cash & Bank Balances	0.063	0.092	0.113
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	0.025	0.025	0.025
Total Current Assets		0.088	0.117	0.138
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	0.012	0.004	0.004
	Other Current Liabilities	0.000	0.000	0.000
	Provisions	0.000	0.000	0.000
Total Current Liabilities		0.012	0.004	0.004
Net Current Assets		0.076	0.113	0.134
MISCELLANEOUS EXPENSES		0.101	0.017	0.023
TOTAL		0.179	0.135	0.165

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2010	31.03.2009	31.03.2008
	SALES
		Income (Bank Charges)	0.004	0.000	0.000
		Other Income	0.000	0.000	0.000
		TOTAL	0.004	0.000	0.000
Less	EXPENSES
		Administrative and Other Expenses	0.048	0.026	0.019
		TOTAL	0.048	0.026	0.019
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION		(0.044)	(0.026)	(0.019)
Less/ Add	DEPRECIATION/ AMORTISATION		0.002	0.003	0.001
	PROFIT BEFORE TAX		(0.046)	(0.029)	(0.020)
Less	TAX		0.001	0.000	0.000
	PROFIT AFTER TAX		(0.047)	(0.029)	(0.020)
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		(0.049)	(0.020)	0.000
	BALANCE CARRIED TO THE B/S		(0.096)	(0.049)	(0.020)
	Earnings Per Share (Rs.)		(4.70)	NA	NA

KEY RATIOS

PARTICULARS		31.03.2010	31.03.2009	31.03.2008
PAT / Total Income	(%)	(1175.00)	0.00	0.00
Net Profit Margin (PBT/Sales)	(%)	(1150.00)	0.00	0.00
Return on Total Assets (PBT/Total Assets}	(%)	(50.55)	(23.77)	(13.70)
Return on Investment (ROI) (PBT/Networth)		(15.33)	(0.58)	(0.25)
Debt Equity Ratio (Total Liability/Networth)		62.33	1.78	1.11
Current Ratio (Current Asset/Current Liability)		7.33	29.25	34.50

LOCAL AGENCY FURTHER INFORMATION

REVIEW OF 0PERATIONS:

It was true that the global economic conditions have improved during the year compared to last year, yet the directors have not thought it fit to commence the commercial activity and decided to wait for some time so that the global economic conditions will improve which will be amicable for the company. In view of this, the company did not have any turnover during the year and incurred a loss of Rs.0.044 million due to administrative expenditure. However the directors are striving hard to explore the promising market segments, at the same time directors are also attempting to shape better strategy for cost control and reduction. Looking to this the directors are confident to have more better performance in the years to come.

Corporate identity number of the company	U51109GJ2007PTC051780
Name of the company	ARCHI EXIM PRIVATE LIMITED
Address of the registered office or of the principal place of business in India of the company	807, Akik Complex, Near Parshva Tower, Opposite Rajpath Club, S.G. Highway, Bodakdev, Ahmedabad – 380 015, Gujarat, India E-Mail: archiimpex@youtele.com
This form is for	Creation of charge
Type of charge	Book Debts Movable Property Floating Charge
Particular of charge holder	CIN No.: L65920MH1994PLC080618 HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India E-Mail: RBBform8@hdfcbank.com
Nature of description of the instrument creating or modifying the charge	Letter of Hypothecation
Date of instrument Creating the charge	01/06/2010
Amount secured by the charge	Rs.32.500 millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest: Interest at the rate as may be communicated by the Bank from time to time. Terms of Repayment: On Demand Margin: Company shall at all times during the continuance of this security maintain the said debts of a sufficient amount to provide the margin of security as may from time to time advised by the Bank. Extent and Operation of the charge: Hypothecation by way of First Charge on Company's Stocks, Book Debts etc., to secure as a continuing security as mentioned for the repayment of Rs.32.500 millions, together with interest, costs, charges, expenses and other moneys due and payable by the Company to the Bank.
Short particulars of the property charged	All the stock in trade both present and future consisting of raw materials, finished goods, goods in process of manufacturing and all the book-debts, outstandings monies receivables, claims and bills which are now due and owing or which may at any time hereafter during the continuance.

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] Records on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.45.74
UK Pound	1	Rs.72.73
Euro	1	Rs.62.73

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.